Let me start off by saying I have been in the business for 15+ years and have never come across "genuine" inside info. Of course I have gotten the "My friend knows the CEO and he says..." at least a few times a year, but it has always been meaningless. A few days ago I had a drink with a CEO to discuss certain issues totally unrelated to market or his business. In the conversation he told me that he has been under a huge amount of pressure b/c due to the nature of his biz, he will have to make an announcement within the next week stating that his co's earinings will be way down for the next year. It is a small-mid cap stock, followed by a few well respected boutique brokerages. I met this person only this one time and have no line to him (though my father does business with him). I will not be using this info, nor will I be passing it onto others (too much of a pussy I guess). My question is what would you do?